AXA Mansard Insurance’s profit rises by 56%

AXA Mansard Insurance Plc has reported a profit after tax of N4.54 billion for the 2020 financial year, up from N2.91 billion a year earlier.

The company’s profit before tax rose to N6.04 billion last year from N3.83 billion in 2019, according to its annual report obtained by Markets Reporters on Tuesday.

Its gross written premium increased by nine percent to N47.58 billion from N43.62 billion.